FELG vs MFIG

FELGAFidelity Enhanced Large Cap Growth ETF

MFIGCMotley Fool Innovative Growth ETF

In short

FELG Active stock-picking on an index-fund budget. FELG charges 0.18% to tilt around the Russell 1000 Growth Index rather than copy it, running a strategy whose track record dates to 2007.

MFIG The Motley Fool's stock-picking philosophy, coded into a rules-based index. MFIG is a young US growth fund that follows an innovation screen instead of a manager's hunches, and charges 0.50% for the house view.

Stated mandate

FELG The fund seeks capital appreciation and normally invests at least 80% of its assets in common stocks included in the Russell 1000® Growth Index.

MFIG The Fund seeks pre-expense total returns that generally correspond to the total return performance of the Motley Fool Innovative Growth Index. It uses a passive indexing approach to track that index.

Why people hold it

• FELG 0.18% a year, roughly a third of the typical fee among active US growth-conviction funds.
• Not a moonshot: at least 80% of assets sit in Russell 1000 Growth constituents across about 110 stocks, so the manager's bets are tilts around a familiar benchmark.fidelity.com
• One of the strongest implementations in its peer group, and cheaper than most of the other top-graded names there (GUSE and MAGS at 0.30%, LRGC at 0.39%).
• A multi-billion-dollar fund from Fidelity with steady on-screen liquidity, and it pays quarterly.

• MFIG Rules first: a published index selects holdings with an Innovative Growth Factor Score, so the Fool's growth style shows up as a repeatable screen, not discretion.
• Plain plumbing: an all-US stock mandate in a standard 1940 Act ETF wrapper, so 1099s rather than K-1s and daily creation and redemption.
• The portfolio build is the sturdiest part of the package, holding up better against US growth peers than the price tag does.

Worth knowing

• FELG Concentrated by design: roughly 110 large-cap growth names, so the megacap tech leaders at the top of the Russell 1000 Growth Index drive the ride both ways.
• Active means the portfolio deviates from the index on purpose, so results can land on either side of it.
• Not the cheapest seat in the cohort: JUSA runs 0.12%, though its mandate is broad large-cap rather than the growth slice.

• MFIG You pay up for the house view at 0.50%. Broad US growth funds like VUG and SCHG run at a few basis points, a gap that shows up every year.
• Young and small: it launched in December 2025, and light trading in a small fund can mean wider spreads than the mega-ETFs.
• Not an income story. The mandate is total return from innovative growth names, and distributions have not been part of the picture.

Full FELG profile⁠

Full MFIG profile⁠